Daimler AG’s truck unit’s return on sales could average as high as 8% in the next three years as worldwide markets rebound, the company said Tuesday.
November 30, 2010Business
Daimler Boosts Stake in Mitsubishi Fuso
Daimler AG boosted its stake in Mitsubishi Fuso Truck & Bus Corp. by about $360 million, to benefit from a recovery in global demand for commercial vehicles, Bloomberg reported Tuesday.
January 11, 2011Business
Daimler Posts 3Q Profit; Truck Sales Jump 44%
Daimler AG said its third-quarter worldwide truck sales jumped 44% from a year ago and that its truck unit would post a profit before interest and taxes of more than $1.5 billion for the full year.
October 28, 2010Business
Scania’s Third-Quarter Profit Jumps
Swedish truck maker Scania AB’s third-quarter profit jumped eightfold as demand for heavy trucks increased, Bloomberg reported.
October 25, 2010Business
Truck Market Strengthening, Daimler Financial Exec Says
WASHINGTON — The new truck market is showing signs of picking up further this fall as the economy improves and the nation’s truck fleet continues to grow older, the head of Daimler Truck’s U.S. financial arm said.
October 4, 2010Business
Daimler Sees No Medium-Duty Sales Bubble in North America
HANOVER, Germany — There is no sales bubble coming soon for medium-duty trucks in North America, according to Martin Daum, president of Daimler Trucks North America.
September 23, 2010Business
Daimler Trucks’ Renschler Sees Stronger Global Vehicle Market
HANOVER, Germany — The head of Daimler Trucks said the world’s largest commercial vehicle maker expects “a moderate recovery” in U.S. truck sales this year, and that he does not foresee a double-dip recession.
September 21, 2010Business
CVG Sets Mexican Facility to Supply Daimler Plants
Truck parts maker Commercial Vehicle Group will open a new facility in Saltillo, Mexico, as part of a new agreement with Daimler Trucks North America.
September 10, 2010Business
Former Freightliner Exec Schmueckle Leaves Daimler
Rainer Schmueckle, the former head of Daimler Trucks North America, has left parent company Daimler AG after heading the German company’s Mercedes-Benz auto unit for five years, Bloomberg reported.
September 1, 2010Business
DTNA’s Daum Sees Boom, But Wants to Know When
Fourteen months into his job as CEO of Daimler Trucks North America, Martin Daum said the truck sales market is still bad — although it is improving — but his real challenge is trying to figure out when sales will return to a robust pace.
August 9, 2010